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CBE lets EGP slide as Big Two state-owned banks announce 25% CDs
The Central Bank of Egypt made a big move on the FX front yesterday, allowing the EGP to slide against…
THIS MORNING: Enjoy the long weekend, folks
Good morning, wonderful people. Happy Thursday — and a very Merry Christmas to everyone celebrating this weekend. THE BIG STORY…
FinMin launches framework on sustainable sovereign bonds
The Finance Ministry has officially launched its new framework for issuing sustainable sovereign debt, according to a ministry statement (pdf).…
THIS MORNING: It’s PMI day + foreign reserves rose USD 500 mn in December
Good morning folks, and happy almost-THURSDAY. We know we just had a long weekend, but this one still can’t come…
Private-sector minimum wage rises 12.5%
New year, new private-sector minimum wage: The National Council for Wages has raised the minimum wage for private-sector workers by…
Importers can now turn the page on L/Cs
Moves on import curbs + privatization: Egyptian authorities removed import restrictions and approved the state ownership policy document on Thursday,…
Classera plans Egypt expansion
COMMODITIES- State grain buyer GASC reportedly purchased 80k tons of Russian wheat at USD 339 per ton for shipment in…
The economic crisis is still topic du jour in the international press
It’s still all about the economy this morning in the foreign press: Reuters looks at the recent volatility in the…
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